While buying property from NRI, the buyer must deduct TDS while making payment to the seller. This TDS has to be deposited with the income tax department. The remaining amount can be paid to the seller. The TDS should be deducted not only on the final amount but on every instalment paid to the seller. […]
Every person dreams to have his/her own house one day. They work hard to fulfill the dream of owning a house. And once you do it, it gives a complete sense of accomplishment. The happiness of owning a house is incomparable. It makes you feel secure and proud of having an asset of your own. […]
Every person dreams of having his own house. He saves throughout his life to build his ideal home. Owning a house requires a huge investment. And if you look for a flat in a society, you expect it to be spacious and should include amenities. There are situations where you are unable to take possession […]
A person resident outside India (PROI) who is an Indian citizen is referred to as a Non-Resident Indian (NRI). Whereas, an Overseas Citizen of India(OCI) is a person who lives outside of India who is registered as an OCI under the provision of Section 7A of the Citizenship Act, 1955. Rule 24 and 25 of […]
Stamp Duty is the tax amount that is paid to the government for the execution of various sorts of papers or documents relating to some form of financial exchange, transaction, or commitment. Stamp Duty on rent agreement creates a legal relationship between the tenant and the landlord to govern the tenancy period. It is payable […]
